Reuters just published a piece about how SpendGrowGive is helping bankers connect with the next generation of clients. Read it here: http://reut.rs/blStqQ
TILE Announcement: Reuters Article about SpendGrowGive
September 30th, 2010TILE Announcement: Partnership with Citi Private Bank
September 30th, 2010TILE is proud to announce that Spend Grow Give is now available through Citi Private Bank.
After AIDS, Bringing The Fight To Cancer
September 29th, 2010“Rich country problems” are starting to be recognized in the developing world.
- Even though aid money to developing nations has typically been spent fighting contagious diseases like HIV and malaria, public health workers are now confronting a rise illnesses like diabetes, heart disease, and cancer.
- The fight against noncommunicable diseases isn’t as well-funded, but funding for it has increased since 2004. Even organizations that focus their work on U.S. victims of cancer and heart disease are starting to expand into international aid.
- One obstacle to greater funding for noncommunicable diseases is simply that donors are used to fighting AIDS and tuberculosis, not heart disease and cancer. Contagious diseases are also easier to prevent than non-contagious ones. The UN’s Millennium Development Goals don’t even address this type of illness.
Facts & Figures
- 60% of deaths in developing nations result from noncommunicable diseases.
- Only 3% of the $22 billion dedicated to health aid around the world is for fighting noncommunicable diseases.
- The United Nations is holding its first high-level conference on noncommunicable diseases in 2011.
Best Quote
“We happily see declines in infectious diseases and unhappily see increases in non-infectious diseases, and donor funding has just not come close to responding to that changed health profile. There is a huge and glaring disparity.” – Rachel Nugent, Deputy Director for Global Health, Center for Global Development
Kids Get A Say In Where They Hang Their Hats
September 29th, 2010They have to live there, too.
- Real estate brokers are seeing an increase in clients under the age of 18, as more parents try to involve their kids in the decision of where to live.
- Sometimes the goal is to teach the kids how real estate works, sometimes it’s a way to make them feel more involved in a big family change, and sometimes it’s just practical to have another person helping to make the final decision.
- The 9- and 14-year-old daughters of a Manhattan apartment hunter were instrumental in pointing out flaws: the dining room wouldn’t fit a table for homework, the oven wouldn’t fit a Thanksgiving turkey, the layout wouldn’t allow for enough privacy.
Facts & Figures
- Frances Katzen, a broker with Prudential Douglas Elliman, recently showed a $3.1 million dollar apartment to two children, aged 11 and 12, who came without their parents.
- Another agent working for CORE showed an apartment to a client and his 15- and 18-year-old children, who seemed to be along for a lesson in finance.
Best Quote
“At first I thought it was going to be boring. Then I thought it was fun to fit everything in.” – Julia Paris, 14-year-old house hunter
High-Speed Market Crash Blamed On Impatient Investors
September 29th, 2010On May 6, 2010, the stock market crashed. For about 20 minutes.
- No one is exactly sure how it happened, but it had a lot to do with the way electronic trading works (or doesn’t work). After the crash, people began to look carefully at the intended and unintended consequences of digitizing the trading process.
- High-speed trading systems have made investing cheaper and faster. Wall Street traders demanded greater speed, and SEC and FTC regulators allowed technology upgrades to continue unchecked for a long time.
- The SEC has been investigating the crash for months and is about to release its official report. As part of that process, the SEC is acknowledging its own role and failings in the regulations leading up to the brief financial meltdown.
Facts & Figures
- During the crash, the DJIA dropped almost 700 points before rebounding.
- In January, the SEC showed signs of questioning the new structure of the stock market.
Best Quote
“Who could argue that competition was a bad thing … and that faster trades would be a bad thing?” – Joseph Saluzzi, Co-Head of Trading at Themis Trading
Changing the world from the bottom up: Rainforest Action Network Executive Director Rebecca Tarbotton
September 28th, 2010Rebecca Tarbotton, the Executive Director of Rainforest Action Network, is what you would call a “well-rounded” rabble-rouser. She’s been using the power of bottom-up organizing to make real change throughout her whole career. She started off as an environmental researcher working among indigenous communities in Canada, then spent eight years working in India, where she supported traditional food and farming practices and helped a women’s farming alliance grow from seven to 4,000 members. Her mind still on agriculture, she advocated for the new local food movement in the UK and then fought the genetically-modified crop invasion in California. At RAN, she’s helped show how the environment and the economy are inextricably linked. By pressuring the companies that fund environmental destruction, she’s helped create policies that change the way corporations do business in America. If you’re not inspired already, read on.
TILE: How did you first get started in environmental activism?
Rebecca: I always knew that I wanted to make change in the world, but I started out my career working in human rights and development abroad. While I was working in India organizing with woman farmers, I realized what an impact corporations have on people and ecosystems around the world, and how profoundly important it is to give local people a say in the decisions that effect their lives and livelihoods. That realization eventually brought me to Rainforest Action Network, where we focus on moving corporations toward better environmental and human rights practices.
TILE: What is the most pressing issue that Rainforest Action Network is working on?
Rebecca: RAN believes firmly that local, community driven solutions are the only way to save the planet. That’s why we’re working with communities around the globe to keep forests standing, fossil fuels in the ground and stop climate change.
TILE: What is the biggest challenge you face in your work?
Rebecca: The tension between building targeted, strategic campaigns that can make change, and building lifelong activists and a movement that’s inclusive and incorporates people from all areas of society. While both of these are important goals, they require very different strategies and resources. RAN historically has straddled these two goals very well, and we’re always looking for ways to improve the way we work.
TILE: What’s the best advice you would give to your teenage self?
Rebecca: Don’t worry too much about what’s you’re going to be, worry about what you’re going to do. It’s easy to get caught up in thinking too much about “career” and what you want your profession to be. It’s more important to connect with your passion and your motivations which will lead you to work that you want to do in a sustainable way.
TILE: How do you think young people can play an important role in the changing landscape of philanthropy?
Rebecca: Find causes that you believe in and get involved. Don’t use philanthropy as an alternative to action. Do both. Philanthropy is action – but your philanthropy will be more meaningful if you’re engaged in the work in the world.
>> TILE brings you exclusive opinions, explanations, and interviews from experts in every industry. To read more, click on Ask the Experts in the TILE Library.
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They’re #1! ACCION ranked world’s most effective microfinance organization
September 27th, 2010Philanthropedia surveyed 131 microfinance experts to figure out which microfinance institution has the most impact in the field. 57 of the 113 experts agreed: ACCION is the best.
Here’s what the experts said:
- “They are good industry teachers, have good financial performance, are
good in product development, and are pushing the frontiers in
microfinance.” - “They have a leading role in consumer protection.”
- “They have successful and sustainable microfinance institutions and are
growing and serving excluded populations in different environments.” - “They have impressive growth and sustainability.”
- “They are the founder of microfinance.”
We’re proud to have such a leader in microfinance on our team!
Development Goals In Africa May Not Be Met By Deadline
September 20th, 2010The U.N.’s Millennium Development Goals were created to fight poverty and stimulate economies in Africa between 2000-2015, but whether the project will be a success remains to be seen.
- Several new reports are suggesting that U.N. Millennium Development Goals will not be met by their deadline unless leaders of both developing and developed nations step up their involvement and investment.
- The goals for Sub-Saharan Africa, which were agreed upon by 190 countries in the U.N. in 2000, include reducing poverty, hunger, disease, and early deaths by a certain percentage by 2015.
- There are many reasons why the initiative is in danger of failing: Donors have failed to fulfill their pledges, some African leaders have been uncooperative, and many African governments have failed to increase health spending to the mandated 15% of their gross domestic product.
Facts & Figures
- The death rate for mothers has barely shifted since 2000.
- The total number of people living in poverty has grown to more than 400 million.
- The U.S. has pledged an additional $63 billion to improve healthcare in target countries, $3.5 billion for agricultural initiatives, and $30 billion to help countries prepare for global warming.
Best Quote
“Unless an urgent rescue package is developed to accelerate fulfillment of all the MDGs, we are likely to witness the greatest collective failure in history.” – Oxfam
The Recession’s Been Over For More Than A Year Now
September 20th, 2010Are we late in reporting this, or what?
- After almost a year of analysis and debate, the National Bureau of Economic Research has announced that the recent recession officially began in December of 2007 and ended in June of 2009.
- The good news in the report ends there. The NBER doesn’t rule out the possibility of another recession, just indicates that any subsequent recession would be a new one.
- The Organization for Economic Cooperation and Development also released a report emphasizing that the recovery, especially in the labor market, will take at least three more years. It praised and encouraged the Obama administration’s handling of the economic crisis, and suggested that taxes and interest rates will probably have to be raised to make up for some of the damage done.
Facts & Figures
- Unemployment probably won’t return to pre-recession levels for another 3 years.
- Unlike past recessions, this one could result in permanently increased unemployment numbers.
- Though tax increases are unpopular, the United States has a lower tax rate than many other countries.
Best Quote
“The committee did not conclude that economic conditions since that month have been favorable or that the economy has returned to operating at normal capacity.” – from the National Bureau of Economic Research’s report
When The Economy Hurts, Allowances Suffer, Too
September 20th, 2010Grown-ups aren’t the only ones feeling the global recession…
- Research shows that the average weekly allowance for kids aged 8 – 15 in the UK has fallen since 2009. This is the first time that the average allowance has fallen below £6 since 2003.
- The study also showed differences in allowance based on gender (boys scored 40 pence more than girls each week) and location (children from Wales made more than children in London, who made way more than children in the South West of England).
- Despite the cutback, British children are still saving almost 37% of their pocket money every week!
Facts & Figures
- In 2005, allowances peaked at about £8.37 per week, in 2009, the average was £6.24, and in 2010 it was down to £5.89
- Welsh kids take in £7.77 per week; children in the South West of England make £5.05
- Londoners saw the biggest loss this year – their allowances went down by almost £4 a week
Best Quote
“It is encouraging to see that children are still saving, despite the amount of pocket money falling.” – Flavia Palacios Umana, Head of Savings Products at Halifax